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this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as a percentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy? >> i don't think the president said that they should take a hike if the tax hikings don't happen. our biggest problem are the spending cuts . bigger than that are the job losses, and so i am going to talk about tax cuts, a huge one to see happen the government should give tax cut to companies so they can hire new workerings, spending cuts and focusing on the deficit, that is moving us in the wronging direction. if we want to talk about tax cuts, give the corporations that are sitting on records and the dow closed at record highs, give them a tax cut to hire new workers. >> toby, tax hikings are the issue here. this is what dems are calling for. is this the time with the recovery
to meet with house democrats. >> economy is trying to give us signs it wants to launch. the president wants to be there to make sure that the 535 elected members in congress. and the individual american people elected to be president of the united states are ready to launch with the economy. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise. >> i think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasd
-sixth of the economy in order to be able to gain control of our lives, and of course it's going to be a mess. what does the government do that is good when it starts interfering with our lives? there are functions for the government. they need to remember what those things are and leave the rest of us alone. >> neil: what they discovered, as you warned -- this is prior to your prayer breakfast meet and greet with the president -- that all of a sudden the goodies would be showcased up front. the problems would be later. the goodies were fewer, the problems many more, and the cost of this potentially much, much hire than the thought. how is all of this rolling out now? >> well, of course the reason that it was done in secret, rather than in a transparent manner in which it was supposed to have been done, is because there are so many bad parts of it. there's so many obligations so many new taxes associated with it. it's incredibly expense simple. it was supposed to lower the cost. it has raised the cost of the premiums for average family, and in the neighborhood of $5,000. this is a disaster. and the real
. because obama didn't learn the lesson from reagan that if you want to turn the economy around, you cut taxes, you reduce spending, you reduce the debt and don't send regulators like locusts to destroy small businesses and jobs. [ applause ] do you know if president obama had followed the reagan policies and we had seen the identical growth that president reagan saw inheriting the same lousy economy barak obama did, do you know that today we would have 7 million additional new jobs in america? let me help make that a little more concrete. 7 million new jobs is the equivalent of giving a job to every man, woman and child in chicago, houston, philadelphia, and boston. that's what we're talking about. [ applause ] and the stagnation under president obama doesn't fall uniformly. listen, if you so happen to be a tax lawyer or an environmental lawyer, you're doing great right now. but i'll tell you the people who are hurting the most are those who are struggling in the least well off amongst us. under president obama, hispanic unemployment climbed to 10%. african-american unemployment to 14%.
schoolers? the right answer later in the grapevine. up next, the state of the u.s. economy. what are the chances of another recession here? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable laughter). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: no major changes on the horizon in how the federal reserve is dealing with the economy. while fed chief bernanke says things are getting better not eve
is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
trillions of dollars in economy to fight global warming because it's going to get one degree warmer in the hundred years, we shouldn't worry about the deficit that never stops. it is a crisis and immediate crisis and should be honest about that. >> neil: dagen, he was saying in and of itself a balanced budget isn't the goal. it's getting to that but not at the expense of blah, blah. but in saying that spending not a problem and harry reid said don't touch entitlements and nancy pelosi don't raise the medicare retirement age and we don't have a spending problem either, i put a lot of that together. >> right. my favorite little gift of the president was $100 billion in the budget and they don't say freely raising new revenues through taxes in this budget. it's about $1.5 trillion in new tax revenue on top of the $600 billion in higher taxes earlier this year. that is on top of the more than $1 trillion in obamacare taxes. >> neil: and that doesn't balance anything? >> this is blueprint for what the president wants and what all democrats want, that higher taxes, more taxes and they are
and i think most of the country, greta, hear the president's articulated view of the economy, they hear the same rhetoric that led illinois to be a financial basket case. chase revenues, the revenues underperform. don't deal with the underlying spending problems and now what's going on in illinois? almost 10 billion dollars in unpaid bills, almost the second highest per capita debt of any state in the union, higher than average unemployment rate, a downgrade in the credit rating and all of these things are exactly what president obama portends as he articulates he needs more and more and more reven revenue. when you said that to him what did he say? >> look, barack obama is an incredibly skilled guy as relates to these types of questions. when it came down to it, he doesn't have an answer because there is no answer. >> what did he say to you? >> he said oh, it's a bipartisan problem in illinois and goes back and wants to relitigate illinois history, but i think what his challenge is, how to create a bipartisan agenda in this -- in this town when what he's doing is redefining terms. so,
and champion growth. our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said for a while, i think the best thing that happened to republicans was to get our teeth kicked in by 2008. by 2006, 2008, i think that republicans had stopped standing for principle. we saw a new generation of leaders step forward in 2010 and more continue in 2012, who are really focused on getting back to our core principles, getting back to the constitution and getting back to free market principles. i think far too many republicans had gone along to get along. had agreed with democrats and exploding the size of government -- i mean, that's how we have gotten a $16.5 trillion debt. i think the p
trillion necessary u.s. economy and fight global warming because it gets one degrees warmer in the next hundred yearings. the clock never stops moving and it is an immediate crisis and high should be honest about that. >> dagen, he saying in and of itself, the balanced budget is not the goal. it is getting to that, but not at the expense of bla, blarks. >> and in saying that and spending not being a problem and hearing henry reid saying don't touch entitlementings and nancy pelosi saying don't raise the retirement age and she allings said we don't have a spending problem . i put it together. >> right. my fave rilt little, to the president was hundred billion in new infrastructure spending that is in the budget . they are freely raising new revenue through taxes in this budget. it is like one and half trillion dollars in tax revenue . that is on top. 600 billion in higher taxes this year and on top of the more than one trillion in obama care taxings. >> this is it a blueprint. >> it doesn't balance anything. >> it is a blueprint for what the president and democrats want higher taxs and m
economy. we have strong opportunities in the energy sector, for us to see millions of jobs created in america and we need to quit stopping progress on things like the pipeline, the pipeline, we have an opportunity to build that energy economy, technology and science were two areas we're actually the champions in the world on those areas, so if we would allow for us to focus on growing our gdp, growing our economy we'd find ourselves with a strong opportunity to remain the world's super power. >> uma: coming from the chief executive, did it surprise you he would actually go on the record saying that he thought it was basically, we really didn't have a crisis to deal with? >> yeah, i think you hear democrat leaders saying there are spending problems and surprises to every american. what we should focus on as well is not only that we have the crisis from a financial standpoint. how do we solve that problem? and i look at my personal journey and met an entrepreneur who taught me out to make my way out of poverty of being in business and creating jobs. it'd be nice to have some of our f
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, his self-deprecating umore led
of the country. high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily b
within striking distance of the all-time high. is the economy turning the corner or is at market bubble? >> plus, report hack of the first ladies, vice-president and jay-z, apparently including kanye west, bill gates, and others. a knew travel night mar for folks aboard the carnival dream ship. >> our 401ks are on track for another historic day, continuing a winning streak like, well, we haven't seen in the better part of 16 long years. a live look. there's the big board. on the corner of wall and broad. wow, up 62-points. they do you has been running on all-time high, and news that new unemployment claims fell last week to a five-year low. of course, a lot can change in this final trading hour, but if it stays in the green it would extend the dow's rally to ten days, brand new record high. as i mentioned. just take a look how the dow has taken off this month. wasn't long ago that folks celebrated crossing 14,000, and now it's holding steady 500 points higher than that. charlie joins us here on the set. what's the school in. >> we should point out that 14,000 is where it was in 2007 bef
that oil is going to be part of this economy for generations to come. we need that oil. the fact is the keystone xl pipeline which is project we've been working on a number of years will help increase our domestic production of oil from a safe and secure neighbor and it will help us to create jobs on that during the construction which is very important. >> neil: so from your vantage pointed and when you hear from environmentalist friends loyal to the president, he is going to do this and they are not going to forget about it. if he goes ahead and wants to complete the pipeline, do you think that will cause serious problems for the president? >> i don't know how many problems it will cause. the fact of the matter is, the studies have looked at this pipeline that have been conducted -- there have been many of them -- have been done thoroughly point to the fact that much of the rhetoric that the environmentalists of using doesn't pan out. so if he is going to make a decision on the record, the record supports building this pipeline. it's not all the vitriole doesn't pan out in the s
in a trillion dollars. you would still be left with a deficit and you would wreck the economy. martha: interesting lesson. stuart, thanks very much. we'll be watching it throughout the day as i know you will. let's look at bigger picture of europe's debt crisis. five countries needed bailouts from the european central bank and imf. greece, spain, ireland, portugal as stuart mentioned. germany the fifth biggest. great britain at number eight. france with the 9th largest. italy at number ten. they all shrunk in the last quarter of last year. europe is basically contracting. the eurozone is losing huge numbers of jobs. a record 19 million people are unemployed. it is a tough picture and one we need to watch closely here at home. bill: sure do. no telling when that thing will get straightened out. >>> more rough water for carnival cruise lines. another disabled ship of vacationers, limping back to port. legend arriving yesterday. a leading senator calling for a passenger bill of rights. what would be in that bill? peter doocy live in washington. what would this bill of rights do, peter? >
of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. if we've controlled spending and we've got a package, potentially what you've got is balance, but it's not balance on the backs of the poor, the elderly, students who need student loans, families who have got disabled kids. that's not the right way to balance our budget. >> sean: oh, deja vu all over again. the president demagoguing armageddon. what a shocker. here to talk about the plan he unveiled in the house is congressman paul ryan. welcome back to the program. >> great to be back, sean, thanks for having me. >> sean: let me first let you respond to the president. are you going to be spending every year? will your budget spend more money every year or will it spend less money every year than spending-- >> every year will spend more than the next year? >> yeah, i just listened to this for the first time, heard your interview and i think that was george stephanopoulos if the voice was right. >> sean: yes. >> that didn't sound too charming. and every
the economy, put people back to work and if we do that, we're going to be bringing in more revenue, if we have controlled spending, and we have smart entitlement package, then potentially what you have is balance -- >> bill: potentially. the president thinks he he can get the federal budget under control. potentially. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a s
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
is -- we've got two crisises going on. one we are in a job crisis, a slow economy, and how do you address that, austerity and cuts, spending cuts, and raising taxes, and the republicans are right about that raising taxes slows the economy, cutting spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under
at the department of labor as he is there, he will have a much broader effect on the economy and the way that people work and are employed. >> megyn: as we speak, we are just getting this breaking news in that senator vittert-- senator vitter is coming out and saying he'll block the perez nomination and saying he's committed to doing that and that he was directly involved in the the controversial new black panther voter intimidation case and his record should be met with great suspicion by those in the senate saying in particular his home state of louisiana needs to have cause for concern about the nomination. already begins, chris, thank you. >> yes, ma'am. >> megyn: and again, as we mentioned, mr. perez has been dogged by some controversy throughout his time at the doj, including the testimony he just mentioned to a civil rights commission about his handling of the new black panthers case. again, the inspector general finding that he did mislead when it came to that issue although concluding it was not intentional. that testimony and the background on the controversy are on foxnews.com right now,
, we like to see that because it means the economy is doing better. of course, we talk how the federal reserve is playing a role in the rallywell. standing behind the economy and keeping the interest rates low and making sure that we can keep this economy bubbling along. so, every day we're watching this and every day it's going higher, harris. >> so you're sitting at home and not a big time investor. watching your retirement funds, is now a good time to put money in stocks. >> the people we're talking to saying he we could have a retrenchment, 2, 5, maybe more on the big board, the dow stocks and that's an opportunity for people to get back in if we have a pullback, that's what i would wait for. if you've got a long time horizon, be in stocks, you want to make sure you're going to fund your retirement with investments that last over a lifetime, not over 20 minutes or two seconds, like the pros sometimes do, harris. >> gerri willis, thank you very much. libyan authorities reportedly holding a person in custody tonight in connection with the terror attack on the u.s. outpost in benghazi
's who he is. he's herbert hoover, he doesn't understand the economy and doesn't understand what's coming. >> that's not true. just for the record that's not factually true, you do realize that. >> bill: and herbert hoover didn't see the depression coming, didn't see that his policies were leading up to the armageddon. >> and that's not the issue-- >> and barack obama doesn't see it either. >> that's a red herring. >> bill: a red herring? >> yeah, you can google that-- >> it's not. it's a historical fact. hoover didn't know it was coming and we all got blasted because he didn't know and the same thing is likely to happen with barack obama. >> i'm not making an argument about herbert hoover. and the argument is whether a balanced budget is necessary for-- >> 20 trillion dollar debt by the time leaves office, that's crazy. >> the question is what kind of debt it is. >> bill: no, money is money. >> that's not true, if i blue through the econoblew through l bush did, and the war and if i investigate in technology on-- >> that's an outlay of money that will not come back to the treasury. if it
. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have ta
more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the murray plan, maybe have two sides that could broach some differences but i see some chasm >> but it's a more hopeful tone on both parties. the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides oka
report showing a tale of two economies, young people struggling and millionaires the number is surging. what is needed that is still ahead. >> kelly: and we are less than two hours away from results of the cpac straw poll. what will it tell us about the presidential field in 2016? >> we're not here to rebrand the party. we are here to rebuild a country. [ phil ] when you have joint pain and stiffness... accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu.
-business lawmakers trying to rescind the letter fearing high-build investors who build the economy will flee to lower tax state. >> the game is rigged. yuf want win. we can change the rules on you after the fact. that is not fair. >> ironically for a tax break design to inven insent vise investment, it's reinforcing california antibusiness reputation. jerry brown issued a statement -- we are reviewing the situation to term how best to help the business owners given court's decision." >> ultimately, the legislature can try to fix it but the bill is still on the governor's desk. >> state he affected taxpayers can request a waiver to hope they lamer out a deal. if the reprieve does not come, the tax man will. >> bret: william la jeunesse in los angeles. thank you. >>> the house has begun general debate on the budget on capitol hill. that discussion will continue in to tomorrow. followed by debate on the proposals by republican paul ryan. alternatives. housing start meantime continue to rise. february's numbers where are behind only december's. as the best since 2008. building permit request reached 4-1/
when it comes to the economy. listen to this. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. martha: stuart varney, host of "varney & company" on the fox business network. what do you think about that statement? he says you shouldn't just chase a balanced budget just for the sake of being able to say it is balanced? >> i think the president was spelling out his priority and his priority is not balancing the budget for the sake of balancing the budget. his priority is growth by spending more government money. that i think is his priority. and as you said, martha, that is in sharp contrast to paul ryan who is deliberately going after deficits and the debt and wants to balance in ten years. so you've got two very clear sides here. the president says, spending and debt probably sustainable. paul ryan said, no, it is definitely not. martha: is that debt sustainable, stuart? it's growing like wildfire. >> take a look at right now. a
there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina live in the fox severe we
out it was preplanned, prior to sequestration. anything that goes wrong in the economy, accident, tragic accident like this, paint it like sequestration. for some reason, it's the republicans' fault, somehow, trying to make the link. look to the usda, e-mails or the national park, this is cheap political props. on the back of marines pretty ticked off. >> dana: i was going to ask a media angle of this. harry reid says stuff in the past. when you say this on the floor, the media ignores it and brushes it off. whereas if it's a republican it would be -- >> greg: the definition of insanity is expecting sanity from harry reid. it's your own fault. to expect anything commonsensical from him. can we talk about how he sounds? he has the voice of horse lubery can't. can't -- lubricant. >> dana: how do you know? >> greg: it's metaphor. it spent time on the farm. doesn't he realize, he is insane. that he realizes that he is shooting in his own tent. obama owns the sequestion ration. he has become the attack dog so rabid his handlers aren't safe. we give you the job of defending harry reid.
to be cooling a bit on the president's handling of the economy inch spite of this surge that has sent wall street to record numbers and an improving employment picture. a new washington post abc news poll finds 44% approve of the way the president is handling the economy. that is down from 50% in december. right now 52% disagree. and when it comes to public trust on dealing with the economy the president has only a slight edge over congressional republicans, 44 to 40%. joining us now, juan williams, he is a fox news political analyst as you well know. so what is your thinking about the reason behind the president's slide in the polls on the economy, juan? >> independent voters, jon, who were previously convinced that president obama really had a better handle on the economy than the republicans, and now if you look inside the poll numbers that you just cited, what you see is that independents have gone over the edge and now favor republicans slightly to the president. so i think that this in fact is an evidence of the success of a republican strategy. the republican strategy in the midst o
in the house are presenting it, it will have a drag on the economy right now. >> you guys know you have a budget. we haven't had a budget in four years, what are you doing ripping this one to shreds? >> not since 1921 has a president failed to beat the timetable to submit his proposed budget to the united states congress. >> the president will be putting forward a budget in the next several weeks, probably the week of april 8th. >> it is beyond tardy. >> i've been here a month and a half so interestingly, i honestly have not seen regular order since i've been here. it seems like that we're going from catastrophe to-- and this is really how the president operates. >> greta: and tonight, talk about nerve. the white house slamming congressman paul ryan's budget plan yet the white house hasn't bothered to put out its own budget. the law says that the president must submit a budget by the first part of february. and kelly ayotte. >> good to be with you. >> greta: and you're not responsible for the president, but are you curious? >> i'm very curious where it is. you think about it, i'm glad t
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and the handling of the economy is a dead heat with the republicans. he doesn't have to run for reelection again, but a lot of democrats do and if you're a democrat who needs to get reelected you're getting very nervous and i think the democratic elites in washington have conveyed to the president this isn't working. you've got to do business with these people. >> paul: do you think it's cosmetic, rhetorical or do you think it's actually sincere? >> well, if it were deeply sincere, it would suggest a sea change with the president and i don't think that anyone is running around washington saying, my god, do you believe how he's changed? it's called a charge offensive and that's a weird name for this. he's not being especially charming and his own white house seems to find it somewhat offensive that they have to deploy him out to talk to crazy republicans. >> there was a background growth this week. >> there was. >> on the story. >> this is not going to-- ap reporter, this doesn't mean anything, it's not going anywhere. we're almost embarrassed to-- >> just doing it for you and the media, but this
because of our resilient economy and our world currency status. we do not have a debt crisis right now but we snow it is coming and happening. >>peter: democratic senator durbin tried to put the comments in context this morning. >> we need to put americans back to work. that is our first priority. deficit reduction is the second priority coupled with economic growth. we can do both. make sure we have deficit reduction. also, do not cut too much too fast. >>peter: anyone trying to handicap the odds of a grand bargain should consider what speaker boehner said today when he told use he doesn't know whether democrats and republicans can come to a big agreement but he did add that he trusts president obama. >>heather: thank you, peter, from washington, dc. >>gregg: senator durbin weighing in on immigration reform today. notwithstanding the major hurdles the senator said an agreement is possible but a hathaway to citizenship need to be answers. >> we are working, hours every week, four democrats, four republicans. we are making progress. there are several problems. we are dealing with border
it paid for. >> eric: this goes across the whole economy. no matter what you buy, your prices are going up? >> we had bobby flay on the business network. he is worried about the costs. human chef. how he is going to do it suck it up or pass it on the consumer. everybody is worried about this. this wasn't talked about in the beginning. nobody said in the beginning, now what, this small businesses will have to go out of business. all we heard was the good stuff we're going to take care of the people that never had it. at the end of the day it's costing us more. >> eric: the original healthcare law was 7,000 pages long. mitch mcconnell put out it's up to 20,000 pages. what else do we know that is going to be in there soon? >> there is a lot we don't know, eric. you are absolutely right. its bureaucrat's dream to enforce all this stuff. to the point made earlier, when you said that we are paying for it anyway, it's not really true. there are people that are unable to prove their citizenship and they are going to get free healthcare who are citizens that don't have to prove it and forced to pay
is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy put people back to work and if we do that we are going to be bringing in more revenue. >> chairman ryan's proposal hits some of the president's achievement such as privatization of medicare as well as obama care. he suggests cutting 124 billion from that particular program. he went on to say the responsible balanced plan is an invitation for democrats. the difference is balancing the budget sunday getting the debt on a path to be paid off so our children have a debt free nation. >> the house budget committee will be marking up its proposal today while senate budget committee chairman patty murray will be giving a plan with tax increases and 100 billion in a new jobs package. >> elizabeth prann live for us from washington. >> first degree weather update with janice dean. >> for a couple days it will feel like winter again. it will be tops see turvy. that's how march is sometimes. look at the last hooray of the form system across the central u.s. over the weekend. lake-effect snow across the great
of america and putting the stability of our economy on the line. we should not be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. too often house republicans have refused to acknowledge the negative impact of their action, choosing to return to the same tired failed strategy, one that only serves to, again, weaken our economy and undermine our middle class. that track record must end. >> nobody believes that. full faith and credit? >> sean: let's 0 go to paul ryan. he got high marks for personalizing the debts. >> we know with certainty a debt crisis is coming to america. this is not a question of if. it's a question of when. what is a debt crisis? it means we can't keep living beyond our means. it means we can't keep borrowing from our children's future. this -- our generation of americans, we're being selfish, we're taking from the next generation their future. we have a moral obligation to fix that. and if we have a debt crisis, those who get hurt the first and the worst are the ones who ne
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